A loan of $3,225 helped to pay for an electric-heated floor at her store.

Tserennadmid's story

Mrs. Tserennadmid, 26, is a hairdresser. She started her business just after she graduated high school in 2005. During the past years, she has gained a lot of experience and could become one of the most skillful hairdressers in Mongolia.

She lives with her husband, her two sons and her mother in an old house in the ger district, an area of Mongolian traditional nomadic yurts and houses in Ulaanbaatar, the capital city. Her husband runs a taxi with his brother’s old car and earns not so much. Next year, she and her husband are planning to open a small grocery store in their backyard. It will be a very important step for her family, she said.

Tserennadmid is planning to install the electric-heated floor in her new store. It will cut the use of a coal fired-stove further. The loan she is taking will be used to pay for the electric-heated floor at her store.

Loan details

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Loan details